A bill to amend the Internal Revenue Code of 1986 to modify the active business definition relating to distributions of stock and securities of controlled corporations.

Fact Sheet API

Bill Number

S 1158

Introduced

Jul 10, 2001

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7429)

Sponsor

Cosponsors

Topics

Affiliated corporations Business income tax Commerce Corporate reorganizations Corporation taxes Finance and Financial Sector Income tax Securities Stocks Tax exemption Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code, concerning the active business definition relating to distributions of stock and securities of a controlled corporation, to require that all corporations that are members of the same affiliated group be treated as a single corporation.

Actions

Jul 10, 2001

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7429)
Jul 10, 2001

Sponsor introductory remarks on measure. (CR S7428-7429)
Jul 10, 2001

Introduced in Senate

Amendments

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